International Whistleblower Rewards are being offered to International Whistleblowers that expose international bribery schemes, illegal kickbacks, and government corruption. Under the Foreign Corrupt Practices Act and the new SEC Whistleblower Incentive Program, whistleblowers with original and specialized knowledge and evidence of corporate bribery and illegal kickbacks are eligible to recover large economic awards.

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Saturday, April 28, 2012

The Securities and Exchange Commission today charged a former executive at Morgan Stanley with violating the Foreign Corrupt Practices Act (FCPA) as well as securities laws for investment advisers by secretly acquiring millions of dollars worth of real estate investments for himself and an influential Chinese official who in turn steered business to Morgan Stanley’s funds.

The SEC alleges that Garth R. Peterson, who was a managing director in Morgan Stanley’s real estate investment and fund advisory business, had a personal friendship and secret business relationship with the former Chairman of Yongye Enterprise (Group) Co. – a Chinese state-owned entity with influence over the success of Morgan Stanley’s real estate business in Shanghai. Peterson secretly arranged to have at least $1.8 million paid to himself and the Chinese official that he disguised as finder’s fees that Morgan Stanley’s funds owed to third parties. Peterson also secretly arranged for him, the Chinese official, and an attorney to acquire a valuable Shanghai real estate interest from a Morgan Stanley fund. Peterson was acquiring an interest from the fund but negotiated both sides of the transaction. In exchange for offers and payments from Peterson, the Chinese official helped Peterson and Morgan Stanley obtain business while personally benefitting from some of these same investments. Peterson’s deception, self-dealing, and misappropriation breached the fiduciary duties he owed to Morgan Stanley’s funds as their representative.

International Whistleblower Reward Laws Encourage Chinese Whistleblowers and International Whistleblowers to Expose Chinese Government Official Bribes, Chinese Public Official Illegal Kickbacks, and other Chinese Government Corruption which are Violations of the Foreign Corrupt Practices Act by China International Business Whistleblower Lawyer, People's Republic of China International Bribery Scheme Lawyer, and China Foreign Corrupt Practices Act Whistleblower Lawyer Jason S. Coomer

"The case, decided in U.S. Federal Court in Houston, represents the largest and most successful investigation in history under the U.S. Foreign Corrupt Practices Act (FCPА). In pleading guilty to the charges, Stanley agreed to make restitution of $10.8 million, of which $1.55 million remains to be paid. He also faces seven years in prison, though his lawyer has asked that prison time be commuted to house arrest because his cooperation helped secure eight felony guilty pleas, four deferred-prosecution agreements and total fines of $1.7 billion. But what really caught the attention of the executive suite world-wide was the degree to which persons and companies outside of the United States became caught up in a bribery and kick-back scandal prosecuted under a law generally thought to affect only U.S. companies."

International Whistleblower Reward Laws Encourage International Whistleblowers to Expose Government Corruption, Oil Company Bribes to Public Officials, Illegal Kickbacks from Energy Companies, Illicit Payments to Government Officials, and other Violations of the Foreign Corrupt Practices Act by International Oil Company Employee Whistleblower Reward Lawyer, International Oil Company Bribe Whistleblower Reward Lawyer, & Energy Company Foreign Corrupt Practices Act Whistleblower Lawyer Jason S. Coomer

"We take compliance with the U.S. Foreign Corrupt Practices Act (FCPA) very seriously and are committed to having a strong and effective global anti-corruption program in every country in which we operate. We will not tolerate noncompliance with FCPA anywhere or at any level of the company."

BEIJING - Premier Wen Jiabao is calling for a strengthening of the fight against corruption, since the situation remains "grave" and the task is "extremely arduous".

China has made progress in responding to the complaints of the public and reducing administrative costs during the past year. But the country still faces an extremely complicated development situation, according to Wen.He pointed out that some long-term and short-term problems are intertwined with the country's economic and social development, adding that some social contradictions have become relatively prominent. In addition to corruption, these problems could threaten the country's development and stability if not properly dealt with, Wen said.

About 146,000 officials across China were punished for disciplinary violations in 2010. Among them, 5,373 had been referred for prosecution, according to Wen.

International Whistleblower Reward Laws Encourage Chinese Whistleblowers and International Whistleblowers to Expose Chinese Government Official Bribes, Chinese Public Official Illegal Kickbacks, and other Chinese Government Corruption which are Violations of the Foreign Corrupt Practices Act by China International Business Whistleblower Lawyer, People's Republic of China International Bribery Scheme Lawyer, and China Foreign Corrupt Practices Act Whistleblower Lawyer Jason S. Coomer

"RIO DE JANEIRO, BRAZIL – On Saturday January 28th, Guido Mantega, the Brazilian Finance Minister, reportedly dismissed Luiz Felipe Denucci Martins, the Head of Casa da Moeda do Brasil (the Brazilian Mint), following accusations that Denucci was receiving bribes and depositing them in off-shore bank accounts. According to Folha de São Paulo, Mantega was informed in August 2011 that Denucci had begun to open offshore accounts in tax havens."

"José Martins, the Chairman of the company which revealed Denucci’s offshore financial transactions, is expected to appear before the National Congress in order to shed more light on Denucci’s dealings. Martins claims to have documents concerning the transfer of US$25 million by Denucci and his closest connections in the three years since his appointment at Casa da Moeda."

"RIO DE JANEIRO, BRAZIL – Ricardo Teixeira, head of the CBF (Brazilian
Football Federation) was named by Lord Triesman on May 10th as one of
four FIFA members willing to accept bribes in return for voting for
England’s unsuccessful 2018 World Cup host bid. Speaking before a
British Parliamentary inquiry into why England failed to land the 2018
World Cup, the former chairman of the English Football Association
claimed Teixeira, along with Jack Warner, Nicolas Leoz and Worawi Makudi
were willing to sell their votes."

"The revelations spell more trouble for FIFA,
an organization steeped in controversy in recent months. Eight of the
24 members have now been accused by the British media of dishonesty and
involvement with bribes. In a bad week for world football’s governors,
it was also alleged that two more FIFA members were paid US$1 million
each in exchange for voting for Qatar in the 2022 World Cup bid.
For Teixeira, it is not the first time he has found himself embroiled in a bribery scandal. Last year, BBC television program Panorama
claimed Teixeira accepted £9.5 million in bribes from International
Sports Limited (ISL). In return, ISL were granted exclusive rights to
market World Cup tournaments to global brands."

Sunday, April 15, 2012

Premier Wen Jiabao has vowed “stronger” measures to combat corruption. As China prepares for a leadership change, Bo’s removal and other cases of corruption have led to increased instances of public unrest. Public supervision is needed to limit the abuse of power, and authorities must continue to work for a “clean government” in 2012, the last year of the current administration, he wrote in Qiushi, Seeking Truth, according to a preview posted on the central government website yesterday.

Globalization
of supply chains in international trade has created a
shift in where many electronic component parts are manufactured.
This manufacturing shift includes the production of electronic
components that are used in aircraft, military weapons
systems, computers, medical equipment, and other
products that are purchased by the United States
government through procurement contracts. These
electronic components were
traditionally manufactured in the United States and Europe,
but are now being manufactured in China, Mexico, India,
and South America. When these electronic
components are fake or substandard parts, false
certifications regarding the quality of these electronic
components can be the subject of a Qui Tam False Claims
Act Whistleblower Reward Lawsuit. These lawsuits
encourage whistleblowers including international
whistleblowers along the electronic component supply
chain to blow the whistle on fake military electronic
components, low quality electronic components, and other
counterfeit electronic parts.

China and the United States are
working Together to Expose Government Corruption,
Illegal Kickbacks, Supply Chain Fraud, and other
Criminal Acts

There is a worldwide effort by the
international community to crack down on government
corruption, illegal kickbacks, illegal bribes, and
supply chain fraud.
This effort includes initiatives by the United States to
identify and prosecute illegal bribery schemes of
government officials as well as manufacturing fraud that results in defective products being imported into the United States and sold to government entities.

To identify hard to detect
bribery schemes, the United States Securities Exchange
Commission is offering large bounties (whistleblower
rewards) for persons with specialized knowledge of
systematic bribes, complicated bribery schemes, and
supply chain fraud resulting in defective military
equipment, medical equipment, and pharmaceuticals.
These large economic incentives are designed to
encourage international whistleblowers, government
officials, business executives, import export experts, customs experts,
logistics experts, and other persons aware of
complicated import and export bribes and government
fraud to step up and become a confidential international trade
whistleblower.

There are also Qui Tam False Claims Act Whistleblower Reward Lawsuits that encourage persons with specialized knowledge of supply chain fraud resulting in the sale defective military
equipment, medical equipment, and pharmaceuticals to the United States government or other US governmental entities.
These False Claims Act Whistleblower Reward are also available to international whistleblowers, government
officials, business executives, import export experts, customs experts,
logistics experts, and other persons aware of
complicated supply chain fraud.